Eric Merlis said June nonfarm payrolls missed expectations even as the labor market continued to add jobs. According to NS3.AI, Merlis also said wage growth showed little sign of accelerating.
Merlis added that weaker labor force participation and cooler hiring made the Federal Reserve’s decision to hold steady last month appear more patient.
Eric Merlis: June Nonfarm Payrolls Missed Expectations as Wage Growth Shows Little Acceleration
2026-07-02 15:00:29
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